December 31, 2021

Tesla recalls almost half a million electric cars over safety issues

Tesla Inc is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing, the U.S. road safety regulator said on Thursday. The National Highway Traffic Safety Administration (NHTSA) has […]
December 31, 2021

Oil heads for biggest annual gains since 2009

Oil prices edged down on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the COVID-19 slump and producer restraint, even as infections surged to record highs around the world. Brent crude futures fell […]
December 31, 2021

Global M&A volumes hit record high in 2021, breach $5 trillion for first time

Global dealmaking is set to maintain its scorching pace next year, after a historic year for merger and acquisition (M&A) activity that was fueled largely by easy availability of cheap financing and booming stock markets. Global M&A volumes topped $5 trillion for the first time […]
December 31, 2021

Airline cancellations aren’t the only travel industry problem — try finding 40,000 new pilots

As major airlines grapple with holiday flight cancellations caused by staff being stricken by the coronavirus, there is another problem looming on the horizon that could bring pain to the sector. That is a significant pilot shortage triggered by mandatory retirement ages for those 65 […]